ARK Invest reshuffled its portfolios by selling roughly $65 million of crypto-related holdings and $34.52 million of Alphabet, Advanced Micro Devices, Palantir Technologies and Amazon shares, while buying approximately $7.32 million of Meta Platforms stock and AeroVironment shares. The crypto sales included 1,528,953 shares of the ARK 21Shares Bitcoin ETF worth about $40 million, 36,628 Coinbase shares worth roughly $7 million, 142,350 Circle shares worth approximately $13.8 million, 153,881 BitMine shares worth about $3.96 million and 18,280 Bullish shares worth roughly $688,000. A newer report described the crypto reduction as more than $61 million and said the sales occurred one day before the Senate did not pass the Clarity Act. The trades reflected portfolio rebalancing and selective repositioning amid a rally in crypto-linked stocks and concerns about AI safety, valuations, financing costs and infrastructure spending.